Egypt's embattled property developer TMG says first-half net income down 11 pct

Reuters, Wednesday 8 Aug 2012

Egyptian property developer the Talaat Moustafa Group reported first-half net income of LE328.8 million ($54.11 million) on Wednesday, down 11 per cent from the same period a year earlier.

TMG, like most firms in Egypt, suffered deeply from the economic turmoil sparked by the January 2011 popular uprising.
A long-running dispute over the sale of state land for TMG's flagship development has also weighed on the company.
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